Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I get the feeling that this is definite as they mentioned that all will be done and dusted by June. That's. only 2 month to go. They have other already lined up the management team or almost there, otherwise they won't say by June. May be shares will be suspended before opening tomorrow.
Not everyone going yo be happy with sub £1. Some of us paid more for it.
To get £100m income one needs to expand ie require another raise. Not sure any grant is coming to GDR. It it is the case we would have already be informed by rns?
What I read recently the ROW assets are only worth only $500m. But if the creditors want to appoint their team to run the business; May be no need to sell any.
It's the same story appeared in the TV (test scroll on the right). Either ordinary shareholders wiped out or retain some shares. #It only say the CEO's family interest of 20% being wiped out
I was reading text off Bloomberg TV. No links. If you have this channel, wait for the text on the right update. It recycle stories all the time.
According to Bloomberg, lenders are plotting to replace CEO & his brother with new management team. It is not clear if the shareholders will retain their shares in the shake-up.
Slowly adding new trusts to the list negate the need for fast large raise and would allow the company to expand at a reasonable pace. Also mean that it would be easier to go for raise later and hh
thus command better terms.
Does the RNS indicate that the product is approved and waiting for formal paperwork to complete? If it expamnd slowly trust by trust there may not a need to raise money quickly or only a minimal raise is required. This may mean the so will advance at a gentler pace than some of you were hoping for.
Everyone here is to make money by trading. There is no right or wrong way. Some like to hang on longer others buy and sell all the time. No need to call names because you don't like what they say.
I personally bought and sold few times. Sometimes you make good money other times not so. No need to blast at others.
If it's obvious, why wait until 31st?. If the cap raise 50m, to sustain it you need at least p/e of 30, allowing for growth. It needs to earn about 1.67m/year. Ie at least sales of 3m/year. That's. a lots of units and require additional funding expand capacity.
It doesn't mean it will go up another 289% in the next 3 month. I can see it's been struggling last two days but mm Tring to push up without any significant purchase. Does this mean now we need wait for the real news before buyer #return?
The whole thing centred around QE. FED and other central banks were flooding World with lots of free money and kept interest rate to zero. SVB is not a typical bank All startups raise billions from private investers and deposit in SVB. As SVB is not a retail bank it doesn't lend money to public. So they parked all the deposits in US treasury which normally safe bit. Then two events coincided. FED raising interest rate fast and the startup were have hard times as with all reck stocks. So they started withdrawing money fast. If you ever deal with bods, which moves inversely to rates. At the interest rate raise, value of the bonds fall. As you sell them to the startups you loose money. Once the word is out, everyone want to take their money and bank keep selling bonds and loose more money and becomes insolvent
https://www.cnbc.com/2023/03/09/chinas-shein-set-to-raise-2-billion-in-new-funding-round-reuters.html
There trying for an ipo in US. Also want expand globally. How will this affect the Boohoo's plans?